Feb 08, 2017 11:24 AM IST | Source: Moneycontrol.com

Snowman, Bal Pharma, Hitech Plast down 4-7% on poor Q3 nos

Snowman Logistics has reported a net loss at Rs 2 crore for the quarter ended December 2016 against profit of Rs 5.1 crore, in the same quarter last fiscal.

Snowman, Bal Pharma, Hitech Plast down 4-7% on poor Q3 nos
Moneycontrol Bureau

Shares of Snowman LogisticsBal Pharma and Hitech Plast slipped 4-7 percent intraday Wednesday on poor numbers declared by the companies.

Hitech Plast's Q3 net profit was down 55.3 percent at Rs 2.1 crore and total income fell 17.4 percent at Rs 90.1 crore.

The company's EBITDA was down 43.3 percent at Rs 7.6 crore and EBITDA margin slipped 390 bps at 8.4 percent.

Bal Pharma has registered 68.4 percent decline in its Q3 net profit at Rs 0.6 crore, while its total income was up 20.6 percent at Rs 58.6 crore.

EBITDA of the company was down 30.8 percent at Rs 3.6 crore and EBITDA margin fell 460 bps at 6.1 percent.

Snowman Logistics has reported a net loss at Rs 2 crore for the quarter ended December 2016 against profit of Rs 5.1 crore, in the same quarter last fiscal.

The company's EBITDA was down 2.7 percent at Rs 11 crore, while EBITDA margin increased by 320 bps at 23.1 percent.

At 10:48 hrs Snowman Logistics was quoting at Rs 58.85, down 3.45 percent and Bal Pharma was quoting at Rs 95.80, down 2.79 percent.

Hitech Plast was quoting at Rs 161.05, down 4.59 percent on the BSE.

Posted by Rakesh Patil
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